the fha's first 25 years
DESCRIPTION
The "FHA Story In Summary" was published by the FHA in 1959 to review the program's first 25 years. Most importantly, the FHA plan was originally designed as a mutual insurance program -- meaning that borrowers would get a premium rebate if claims allowed.However, for loans originated after December 8, 2004 rebates to borrowers are no longer available. So where do any program profits go? They are sent to the Treasury.For more, please go to OurBroker.com, the leading consumer real estate site.TRANSCRIPT
